Lance Green has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to EchoOne. We’ve received over 3 complaints against Lance Green.
Lance Green, which was founded in February 2020 as an extension of Lance Certo Group, struggled until February 2023, when its internet presence was restored. LanceCoin was launched in April 2021 and has since lost 82% of its value. Revitalized in 2023 under the leadership of CEO Anderson Salgado. Offers an MLM program with a daily ROI of 1%, with an emphasis on affiliate recruitment. There is insufficient evidence to back up claims of links with Betfair. Anderson Salgado’s MLM background raises questions. Noncompliance with financial regulators raises questions about securities fraud.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Lance Green Regulated? Do They Have a License?
The company was founded around February 2020, following the founding of Lance Certo Group in Brazil. Lance Certo Group, best known for owning and managing “O Lance,” a Sao Paulo-based pub, expanded into Lance Certo as an independent income opportunity. However, this venture encountered obstacles, resulting in a fall until February 2023, when its internet presence recovered.
Lance Certo Group launched the cryptocurrency LanceCoin (LCE) in April 2021, and while it briefly surged to $19.16 in 2021, it has largely stagnated, representing an 82% loss.
The corporation was revitalized with the debut of Lance Green in early 2023, signaling a shift from its prior inert position. Lance Certo Group’s leadership, led by CEO Anderson Salgado (also known as Anderson Salgado Salgadinho), played an important role in directing the company through its change.
The Lance Certo Group’s website domains include lancecertogroup.com, lancecerto.com, lcecoin.com, lancecerto.bet, lancegreen.space, and lgreen.ai. These domains provide information on the company’s internet presence and evolution throughout time.
According to Lance Green’s marketing materials, CEO Anderson Salgado is recognized for having “more than 7 years of experience as a sports trader,” demonstrating his proficiency in the sector.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Lance Green is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Lance Green, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Lance Green
Lance Green does not provide any retail products or services. Affiliates are limited to promoting and marketing Lance Green affiliate membership alone.
Lance Green advises investments of $25 to $50,000. Participants are promised a daily 1% return on investment (ROI), paid six days a week, with a limit of 200%. Lance Green’s MLM program primarily compensates affiliates for attracting new investors.
Referral Commissions:
Lance Green associates receive 10% of the money invested by personally recruited affiliates.
Lance Green uses a binary compensation mechanism for residual commissions. Affiliates are positioned at the top of a binary team with two sides (left and right). As the squad grows, each level doubles the number of slots. Affiliates gain 8% of the investment volume from their weaker binary team side. Once paid out, the volume is compared to the stronger binary team side and flushed.
Lance Green offers affiliate membership for free. However, active involvement in the earning possibility requires an initial commitment of $25 to $50,000.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Lance Green Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Lance Green Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Lance Green tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Lance Green reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Lance Green, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Lance Green enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Lance Green reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Lance Green.
You should always look out for consumer complaints. In the case of Lance Green, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Lance Green? You can share your complaint in the comment section or submit an anonymous tip.
Is Lance Green Legit Or Scam?
Lance Green claims that it obtains external revenue through a putative relationship with Betfair, a well-known British corporation that operates the world’s largest online sports exchange. The assertion emphasizes safety and a solid financial relationship with Betfair, but no specific evidence or facts to back up this collaboration are presented.
Lance Green’s marketing materials present the concept of betting arbitrage, which is unsubstantiated. Anderson Salgado, the founder of Lance Green, has a history of involvement in several MLM Ponzi schemes, including a collapsed reboot in 2020 and a failed Ponzi currency in 2021, culminating in the debut of Lance Green in 2023.
The lack of evidence of external revenue generating, as well as the refusal to register with financial regulators, raises suspicions about securities fraud. Lance Green’s MLM proposition, which provides passive earnings, qualifies as a security offering, which is aggravated by a lack of regulatory compliance documentation.
Notable aspects include Brazil’s non-extradition policy for its nationals and the possibility of an exit scheme for Anderson Salgado in Dubai. Lance Coin’s incorporation with Lance Green may indicate a consolidation of return payments.
Lance Green, like all other MLM Ponzi schemes, relies on ongoing affiliate recruiting and subsequent investments to be viable. When recruiting declines, the absence of new investment may cause a collapse, leading in financial losses for the majority of members.
Lance Green is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Lance Green can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Lance Green?
All the evidence suggests that Lance Green is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Lance Green a scam?
Can I withdraw money from Lance Green?
Where is Lance Green Located?
How do I get my money back from Lance Green?
How The Lance Green Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
